Management and Society 5.0
Abstract
While technology and digital transformation are developing, today’s society is rapidly changing. In this context, current management and strategies are becoming outdated, which raises the need to adapt to new challenges and keep pace with innovation. One option that seeks to bring new solutions is the concept of Society 5.0 which combines technological progress and sustainable development, and attempts to achieve a balance between them, ensuring the well-being of all members of society.
Society 5.0 emphasises the creation of socially beneficial solutions, human needs, and improving the quality of life, not just economic growth. Successful implementation of this concept requires quality management that is open to new mindsets, strategies, and approaches to management with a focus on sustainability, innovation, and collaboration. In Industry 5.0, success depends more than ever on management’s ability to understand and address the challenges posed by new technologies. Therefore, it is necessary to think about the key skills and capabilities that a manager should have in order to successfully manage an organisation in the context of Society 5.0.
The aim of this paper is to analyse the challenges associated with the management and implementation of the Society 5.0 concept, as well as to identify strengths, weaknesses, opportunities, and threats in this area, and to provide an overview of the key factors for successful management in the context of Society 5.0. In the first part, the theoretical background of this paper will be set, which will be applied for the subsequent analysis. The theoretical part focuses specifically on the definition and description of Society 5.0, and the key elements of this concept. It also focuses on new approaches to management that are key to management in this area, as well as defines the role and importance of SWOT analysis in management and strategic planning.
Based on a comparative analysis of relevant sources, the SWOT analysis will be performed in the practical part as a tool for assessing strengths, weaknesses, opportunities, and threats in relation to the new concept of Society 5.0. The results of the analysis will be evaluated, summarised, and finally recommendations will be made. This text will be useful for managers and executives who want to better adapt themselves to the new era of digital transformation and sustainable development.
Downloads
References
Canals, J., Heukamp, F. The Future of Management in an AI World Redefining Purpose and Strategy in the Fourth Industrial Revolution: Redefining Purpose and Strategy in the Fourth Industrial Revolution. Imprint: Palgrave, 2020. ISBN 978-3-030-20679-6.
Carayannis, E.G., Morawska-Jancelewicz, J. The Futures of Europe: Society 5.0 and Industry 5.0 as Driving Forces of Future Universities. J Knowl Econ 13, 3445–3471 (2022). https://doi.org/10.1007/s13132-021-00854-2
Fujiwara, M. (2017). Society 5.0: Japan’s new society after Industry 4.0. Journal of the Japanese and International Economies 44, 73-83 (2017).
Fukuyama, M. Society 5.0: Aiming for a new human-centered society. Japan Spotlight 1, 47-50 (2018).
Gladden, M. E. Who will be the members of society 5.0? Towards an anthropology of technologically posthumanized future societies. Social Sciences 5, 148 (2019). https://doi.org/10.3390/socsci8050148
Jakubíková, D. Strategický marketing. Praha: Grada, 2008. Expert (Grada). ISBN 978-80-247-2690-8.
Matsumoto, M., Fujimoto, T. Management in Society 5.0: A Humanitarian Approach to Organizational Management. Management for a Sustainable Future 2, 165-182 (2020).
Sedláčková, H., Buchta, K. Strategická analýza. 2., přeprac. a dopl. vyd. Praha: C.H. Beck, 2006. C.H. Beck pro praxi. ISBN 80-7179-367-1.
Abstract views: 198 PDF Downloads: 177
Copyright (c) 2023 Tomasz Czapran

This work is licensed under a Creative Commons Attribution 4.0 International License.
The authors agree with the following conditions:
1. Authors retain copyright and grant the journal right of first publication (Download agreement) with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
2. Authors have the right to complete individual additional agreements for the non-exclusive spreading of the journal’s published version of the work (for example, to post work in the electronic repository of the institution or to publish it as part of a monograph), with the reference to the first publication of the work in this journal.
3. Journal’s politics allows and encourages the placement on the Internet (for example, in the repositories of institutions, personal websites, SSRN, ResearchGate, MPRA, SSOAR, etc.) manuscript of the work by the authors, before and during the process of viewing it by this journal, because it can lead to a productive research discussion and positively affect the efficiency and dynamics of citing the published work (see The Effect of Open Access).